Shardul Kulkarni of Angel Broking told CNBC-TV18, "Idea Cellular has surprised most participants including me. I would have expected that there would be some cool off but that is not the case. Stock just went sideways and post that it is now looking very positive."
He further added, "If the stock can cross the higher levels of Rs 137-138 and close beyond that, you may even see Rs 150 in case of Idea because the chart structure clearly says that post a strong consolidation you are seeing a flag breakout on the daily charts and that particular breakout has a way higher target. I am being conservative when I say that stock can move towards Rs 150."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
